Author: Steven Sahiounie

The US Treasury Department has announced it is suspending certain provisions of the 1992 tax convention with Russia. The step follows Moscow’s scrapping of double-taxation treaties last year with those who have imposed sanctions against the country.

Nvidia became the largest company in the world on Tuesday, after the US artificial intelligence chipmaker’s valuation exceeded $3.33 trillion, surpassing Microsoft. Two weeks ago, Nvidia edged out Apple from the number two spot.

The current chief will resign by the end of the year, following multiple revelations of questionable safety standards at the firm

Trade turnover between Russia and the European Union has continued to fall amid Western sanctions against Moscow, tumbling to nearly a quarter-century low as of the end of April, RIA Novosti reported on Wednesday, citing Eurostat data.

U.S. jobless claims fell in the latest week, declining 5,000 to a seasonally-adjusted 238,000 for the week ended June 15, data showed, suggesting a generally stable labor market

At 1229 GMT, the yuan was 0.05% lower at 7.2605 to the dollar, its weakest since November and only 11 pips from the top of a narrow 2% daily trading band, the mid-point of which is set by the People’s Bank of China (PBOC)

The dollar index, which tracks the currency against six peers, was last up 0.28% at 105.49

These projects are unique in achieving a significant positive impact in all sectors within short periods of time

In the UAE, the growth of Nasdaq, fuelled by AI advancements, seems to have a positive ripple effect on the country

However, CBDCs could compete with bank deposits, lender says